22387 Blessinger Rd Star, ID 83669
- Commercial real estate
- 2,500 SF
- 4.99 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 22387 Blessinger Rd
- Lot size
- 4.99 lot acres
- Property size
- 2,500 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity in Star, Idaho, presents a unique blend of immediate income and future development potential. Located at 22387 Blessinger Rd, this 4.99-acre property boasts a prime corner location and is designated as commercial within Middleton/Star's comprehensive plans. Currently generating income from two existing single-family homes, the property offers a modified lease with a remaining term of one year and 100% occupancy. The combined square footage of the existing structures falls within the 2,500 to 3,000 square foot range. The asking price is $1,350,000, representing a compelling 6.00% cap rate. The property also includes ample parking with five spaces available. This presents a rare chance to acquire a high-yield asset while simultaneously exploring future development options within a thriving community. The dual income streams provide immediate cash flow, mitigating risk and maximizing return on investment. Don't miss this chance to secure a valuable piece of Idaho real estate with significant upside potential. The property is situated in Canyon County, Idaho, with a zip code of 83669.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Star
- County
- Canyon
- State
- Idaho
- Longitude
- -116.533591
- Latitude
- 43.697682
